Nov 27, 2012 1:00pm PST
hope my friends at fox are sit down when they hear this, it could be a shock, president obama didn't invent trillion dollar deficits he inherited them. >>neil: i hope this doesn't come as a shock as my friend the illinois senator we are now knee-deep in trillions of dollars of more deficits. and larry sabato with simple advice, stop blaming and start fixing. you are saying both parties are to blame but the attack on fox notwithstanding, i am wondering, are democrats overplaying their hand? >>guest: they will have everplayed it if in the end it results in another deadlock and the same is true for republicans. we are at a special moment when we do have an opportunity to solve a lot of big problems simultaneously from the debt to entitlement growth, to the tax reform issue, tax loopholes there are a lot of things that could go into this and this is a very different situation from august of 2011 when we had the big deadlock of the debt ceiling. this after an election. if we can't solve the problems now, when are we going to solve them? >>neil: i am not encouraged by the smoke signals.